HyperLiquid (HYPEUSDT) Oversold – Is a 70% Bounce Incoming?

HyperLiquid (HYPEUSDT) has faced a sharp sell-off, leaving price action extremely oversold on the daily time frame. This sets up the potential for a relief bounce into key resistance levels.

Points to Consider:

• Price has formed a new daily SR level with two strong bullish closes, but the key wick remains untapped.
• The swing low at $11.62 has not been retested—weakness here followed by a reclaim could trigger a move higher.
• A close above $12.14 could open the door for a rally toward $20.52.

While the trend remains bearish, a structural shift could bring momentum back, with potential upside of nearly 70%. Watching price action at these key levels will be crucial.